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    68 W Elizabeth Dr Addison, IL 60101

    Under Contract
    For Sale
    $1,890,000

    Commercial Sale - Addison, IL

    Lot size:
    0.46 Acres
    Days on Market:
    63
    Last Refresh:
    Dec 8 at 2:06 am

    Property Features for 68 W Elizabeth Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    0321311033
    Lot size
    0.46 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1965
    Number of units
    12
    Architectural style
    Other

    Berkshire Hathaway HomeServices American Heritage Real Estate (847) 806-8336 [email protected]

    Listing agent Madan Khatri (847) 806-8336 License #471017783

    Listing date Oct 7, 2025

    MLS# 12456810 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Addison Multifamily Investment Opportunity

    This all-brick apartment property is situated in a desirable and accessible location in Addison, Illinois. The building is located close to schools, shopping, restaurants, expressways, and the downtown area. The property contains ten 2-bedroom units and two 1-bedroom units. The lot size is 0.46 acres. The intended use of the property is for multifamily residential income. Current rents are up to date. Pro forma numbers are based on current market rent rates in the area. The property tax is for 2023. Other properties for sale by the same seller are located at 86 and 126 Elizabeth and 569 Valerie.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9909431
    Latitude
    41.936907

    Nearby Similar for Sale

    • $1,500,000
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      Addison Commercial Building For Sale

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    • $1,890,000
      0.46 Acres

      Addison Apartment Building For Sale

      All-brick apartment building with 12 units in a desirable location.
      86 W Elizabeth Dr, Addison, IL 60101
      View Details
    • $1,890,000
      0.46 Acres

      Addison Apartment Building For Sale

      All-brick apartment building with twelve units in a desirable location.
      126 W Elizabeth Dr, Addison, IL 60101
      View Details
    • $890,000

      Addison Apartment Building For Sale

      All brick apartment building in a desirable and accessible location.
      569 Valerie Ln, Addison, IL 60101
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    • $338,900

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      Addison Condo with Modern Updates

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    FAQs

    What type of property is this?
    Apartment building - All-brick apartment building in a desirable, accessible Addison location.
    Where is this apartment building located?
    The property is located at 68 W Elizabeth Dr Addison, IL.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: - Desirable and accessible location close to schools, shopping, restaurants, and expressways.; - All brick building construction.; - Ten 2-bedroom units and two 1-bedroom units.
    (847) 806-8336
    Request Owner's contact information
    68 W Elizabeth Dr Addison, IL 60101
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    Addison, IL 60101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    68 W Elizabeth Dr Addison, IL 60101
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